The Goldman Sachs Group (NYSE:GS) Treasurer Carey Halio Sells 1,757 Shares of Stock

The Goldman Sachs Group, Inc. (NYSE:GS) Treasurer Carey Halio sold 1,757 shares of the firm’s stock in a transaction that occurred on Friday, January 23rd. The stock was sold at an average price of $920.62, for a total transaction of $1,617,529.34. Following the transaction, the treasurer directly owned 4,863 shares in the company, valued at $4,476,975.06. This represents a 26.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.

The Goldman Sachs Group Trading Down 0.3%

Shares of GS stock opened at $929.34 on Wednesday. The stock has a market cap of $278.74 billion, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.14 and a beta of 1.33. The Goldman Sachs Group, Inc. has a 1 year low of $439.38 and a 1 year high of $984.70. The company has a current ratio of 1.13, a quick ratio of 0.65 and a debt-to-equity ratio of 2.29. The stock has a 50 day simple moving average of $888.46 and a 200 day simple moving average of $805.03.

The Goldman Sachs Group (NYSE:GS) last announced its quarterly earnings data on Thursday, January 15th. The investment management company reported $13.55 earnings per share for the quarter, beating the consensus estimate of $11.52 by $2.03. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $14.30 billion. The Goldman Sachs Group had a return on equity of 15.19% and a net margin of 13.73%.The company’s quarterly revenue was down 3.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $11.95 EPS. On average, research analysts predict that The Goldman Sachs Group, Inc. will post 47.12 earnings per share for the current fiscal year.

The Goldman Sachs Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Shareholders of record on Monday, March 2nd will be issued a $4.50 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $18.00 annualized dividend and a yield of 1.9%. This is an increase from The Goldman Sachs Group’s previous quarterly dividend of $4.00. The Goldman Sachs Group’s payout ratio is 35.09%.

Hedge Funds Weigh In On The Goldman Sachs Group

Large investors have recently bought and sold shares of the company. Hartline Investment Corp increased its position in The Goldman Sachs Group by 153.3% in the 3rd quarter. Hartline Investment Corp now owns 1,421 shares of the investment management company’s stock valued at $1,132,000 after acquiring an additional 860 shares during the period. Ignite Planners LLC bought a new stake in shares of The Goldman Sachs Group in the second quarter worth $239,000. Bank of New York Mellon Corp increased its holdings in The Goldman Sachs Group by 4.9% in the second quarter. Bank of New York Mellon Corp now owns 3,379,900 shares of the investment management company’s stock valued at $2,392,124,000 after purchasing an additional 157,473 shares during the period. Wells Trecaso Financial Group LLC raised its position in The Goldman Sachs Group by 0.5% during the 2nd quarter. Wells Trecaso Financial Group LLC now owns 21,534 shares of the investment management company’s stock worth $15,240,000 after purchasing an additional 108 shares during the last quarter. Finally, Baron Silver Stevens Financial Advisors LLC acquired a new position in The Goldman Sachs Group during the 2nd quarter worth about $288,000. 71.21% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on GS. Morgan Stanley reduced their price target on shares of The Goldman Sachs Group from $854.00 to $828.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 15th. Bank of America lifted their price target on The Goldman Sachs Group from $1,050.00 to $1,100.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Zacks Research raised The Goldman Sachs Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 19th. Dbs Bank raised their price objective on The Goldman Sachs Group from $800.00 to $890.00 and gave the company a “buy” rating in a research note on Thursday, November 13th. Finally, Wells Fargo & Company lifted their target price on The Goldman Sachs Group from $970.00 to $1,050.00 and gave the company an “overweight” rating in a research report on Thursday, January 15th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, The Goldman Sachs Group presently has an average rating of “Hold” and an average price target of $898.00.

More The Goldman Sachs Group News

Here are the key news stories impacting The Goldman Sachs Group this week:

• Positive Sentiment: Goldman Sachs promoted seven partners into its management/leadership group, signaling organizational depth and stronger management bench that can support growth across wealth, asset management and investment banking. Goldman Sachs Adds Seven Partners to Top Leadership Group
• Positive Sentiment: RBC Capital labeled GS a “preeminent global investment bank,” which supports valuation and analyst sentiment around GS’s franchise strength. RBC Capital—Preeminent Global Investment Bank
• Positive Sentiment: Coverage and corporate actions: Goldman Sachs BDC priced a $400M notes offering — shows activity in its credit/BDC unit and access to capital for deployments. Also covered in media: GS and peers have been part of recent dividend-raise conversations. GS BDC Prices $400M Notes Offering
• Neutral Sentiment: GS research is active and visible: the firm is publishing views on metals (why gold is rising; silver outlook) and macro risk appetite (saying investor appetite for risk is at a multi-year high). These items underline trading/research revenue exposure but are indirect drivers of the stock. Why Gold Prices Are Rising — Goldman Sachs View
• Neutral Sentiment: Goldman also published outlooks on silver volatility and reiterated thematic research (including a reaffirmation of preference for Nvidia within AI compute), which highlights the strength of its equity research but has mixed near-term P&L implications. Why Silver Prices Are Down — Goldman Sachs Predicts
• Negative Sentiment: Insider selling: multiple senior insiders disclosed sizable share sales (treasurer Carey Halio, CAO Sheara Fredman and Kathryn Ruemmler among others) last week, each reducing their positions substantially — a near-term negative for sentiment given scale and timing. Insider Sale SEC Filing (example)

About The Goldman Sachs Group

The Goldman Sachs Group, Inc is a global investment banking and financial services firm headquartered in New York City. Founded in 1869 as a commercial paper business, the company has grown into a diversified financial institution that provides a broad range of services to corporations, financial institutions, governments and individuals. The firm is led by Chief Executive Officer David M. Solomon and operates across major financial centers worldwide.

Goldman Sachs’ core businesses include investment banking, global markets, asset and wealth management, and consumer banking.